JANI vs. KAPR

Last updated Jun 23, 2026

JANI (AllianzIM International Equity Buffer15 Uncapped Jan ETF) and KAPR (Innovator Russell 2000 Power Buffer ETF - April) are both Defined Outcome funds. JANI is actively managed, while KAPR is passively managed. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.

Performance

JANI vs. KAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM International Equity Buffer15 Uncapped Jan ETF (JANI) and Innovator Russell 2000 Power Buffer ETF - April (KAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JANI

• 1D: 0.12%
• 1M: 1.34%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KAPR

• 1D: 0.33%
• 1M: 2.10%
• YTD: 12.76%
• 6M: 12.47%
• 1Y: 24.25%
• 3Y*: 13.70%
• 5Y*: 7.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JANI vs. KAPR - Yearly Performance Comparison

	2026 (YTD)
JANI AllianzIM International Equity Buffer15 Uncapped Jan ETF	3.03%
KAPR Innovator Russell 2000 Power Buffer ETF - April	11.33%

Correlation

The correlation between JANI and KAPR is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 2, 2026	0.77

Return for Risk

JANI vs. KAPR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JANI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KAPR

KAPR Risk / Return Rank: 96
KAPR Sharpe Ratio Rank: 95
KAPR Sortino Ratio Rank: 96
KAPR Omega Ratio Rank: 96
KAPR Calmar Ratio Rank: 97
KAPR Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JANI vs. KAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM International Equity Buffer15 Uncapped Jan ETF (JANI) and Innovator Russell 2000 Power Buffer ETF - April (KAPR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JANI	KAPR	Difference
Sharpe ratio: Return per unit of total volatility	—	3.65	—
Sortino ratio: Return per unit of downside risk	—	5.66	—
Omega ratio: Gain probability vs. loss probability	—	1.77	—
Calmar ratio: Return relative to maximum drawdown	—	9.68	—
Martin ratio: Return relative to average drawdown	—	45.44	—

Drawdowns

JANI vs. KAPR - Drawdown Comparison

The maximum JANI drawdown since its inception was -7.50%, smaller than the maximum KAPR drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for JANI and KAPR.

Drawdown Indicators

	JANI	KAPR	Difference
Max Drawdown Largest peak-to-trough decline	-7.50%	-16.91%	+9.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.52%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.91%	—
Current Drawdown Current decline from peak	-0.07%	0.00%	-0.07%
Average Drawdown Average peak-to-trough decline	-2.34%	-3.89%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.54%	—

Volatility

Volatility by Period

	JANI	KAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	6.70%	+6.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.62%	11.76%	+1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.62%	11.65%	+1.97%

JANI vs. KAPR - Expense Ratio Comparison

Both JANI and KAPR have an expense ratio of 0.79%.

Dividends

JANI vs. KAPR - Dividend Comparison

Neither JANI nor KAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANI and KAPR in my portfolio?

JANI and KAPR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JANI or KAPR?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JANI or KAPR?

JANI and KAPR have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, JANI or KAPR?

JANI and KAPR have nearly identical dividend yields, around 0.00%.

What is the main difference between JANI and KAPR?

They also come from different issuers: AllianzIM and Innovator.